Bitcoin falls during the last few minutes of trading
Bitcoin falls lower
The price of bitcoin
Bitcoin
Bitcoin is the largest and the world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. As a digital currency, a defining characteristic of Bitcoin is that it operates without a central bank or single administrator. Instead, Bitcoin can be sent via peer-to-peer (P2P) networks, which are themselves absent of any intermediaries. Rather than being a physical currency, Bitcoins represent chunks of digital code that can be sent and received across some kind of distributed ledger n
Bitcoin is the largest and the world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. As a digital currency, a defining characteristic of Bitcoin is that it operates without a central bank or single administrator. Instead, Bitcoin can be sent via peer-to-peer (P2P) networks, which are themselves absent of any intermediaries. Rather than being a physical currency, Bitcoins represent chunks of digital code that can be sent and received across some kind of distributed ledger n
Read this term falls in the current hour bar. The price has moved from a high of $29,730 to a low of $28,200.
Looking at the hourly chart, the drop has taken the price down to test the 200 hourly moving average at $28,256 (green line in the chart above). The current price is trading at $28,290 as buyers try to stop the near-moving average level of the fall. The 100-hour moving average is down at $27,835.
Just a day ago, the price moved above 100 hours moving average
Moving average
A moving average is a statistical tool used to smooth out short-term fluctuations in data and reveal long-term trends. It is calculated by taking the average of a certain number of data points over a certain period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In financial markets, moving averages are often used to analyze stock prices, exchange rates, and more.
A moving average is a statistical tool used to smooth out short-term fluctuations in data and reveal long-term trends. It is calculated by taking the average of a certain number of data points over a certain period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In financial markets, moving averages are often used to analyze stock prices, exchange rates, and more.
Read this term. In today’s trade, the price moved above the 200-hour moving average on its way to the top of $30,022. In the last 4 or 5 hours, all the gains in today’s trade have been erased and then some.
UPDATE. The price has now moved to a new low of $27,723 which has taken the price below the 100-hour moving average. The drop from the high is now 7.58% or $-2273
There is no news that I can see.
